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邦吉（BG）与BOSTON BEER CO INC（SAM）财务数据对比。点击上方公司名可切换其他公司
邦吉的季度营收约是BOSTON BEER CO INC的12.7倍（$4.9B vs $385.7M）。邦吉净利率更高（1.9% vs -5.8%，领先7.8%）。邦吉同比增速更快（22.2% vs -4.1%）。邦吉自由现金流更多（$809.0M vs $22.1M）。过去两年邦吉的营收复合增速更高（11.3% vs -4.9%）
邦吉（Bunge Global）是全球知名的农业与食品企业，注册地位于瑞士日内瓦，总部设在美国密苏里州圣路易斯市，业务覆盖农产品生产、加工、贸易及食品供应链服务等多个领域，在全球农业产业中拥有较高的市场地位。
波士顿啤酒公司是美国知名酿酒企业，1984年由吉姆·科赫与朗达·卡尔曼联合创立。旗下首款产品以美国开国元勋、独立运动先驱塞缪尔·亚当斯命名，后续陆续推出多个自有品牌，2019年正式完成与角鲨头酿酒厂的合并，是北美精酿啤酒行业的核心参与者之一。
BG vs SAM — 直观对比
营收规模更大
BG
是对方的12.7倍
$385.7M
营收增速更快
BG
高出26.3%
-4.1%
净利率更高
BG
高出7.8%
-5.8%
自由现金流更多
BG
多$786.9M
$22.1M
两年增速更快
BG
近两年复合增速
-4.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $385.7M |
| 净利润 | $95.0M | $-22.5M |
| 毛利率 | 20.7% | 43.5% |
| 营业利润率 | 1.8% | -8.6% |
| 净利率 | 1.9% | -5.8% |
| 营收同比 | 22.2% | -4.1% |
| 净利润同比 | -84.2% | 41.9% |
| 每股收益（稀释后） | $-0.02 | $-1.97 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BGSAM
| Q4 25 | $4.9B | $385.7M | ||
| Q3 25 | $4.4B | $537.5M | ||
| Q2 25 | $4.0B | $587.9M | ||
| Q1 25 | $3.7B | $453.9M | ||
| Q4 24 | $4.0B | $402.3M | ||
| Q3 24 | $3.9B | $605.5M | ||
| Q2 24 | $3.7B | $579.1M | ||
| Q1 24 | $3.9B | $426.1M |
净利润BGSAM
| Q4 25 | $95.0M | $-22.5M | ||
| Q3 25 | $166.0M | $46.2M | ||
| Q2 25 | $354.0M | $60.4M | ||
| Q1 25 | $201.0M | $24.4M | ||
| Q4 24 | $602.0M | $-38.8M | ||
| Q3 24 | $221.0M | $33.5M | ||
| Q2 24 | $70.0M | $52.3M | ||
| Q1 24 | $244.0M | $12.6M |
毛利率BGSAM
| Q4 25 | 20.7% | 43.5% | ||
| Q3 25 | 24.3% | 50.8% | ||
| Q2 25 | 18.4% | 49.8% | ||
| Q1 25 | 16.3% | 48.3% | ||
| Q4 24 | 27.0% | 39.9% | ||
| Q3 24 | 19.9% | 46.3% | ||
| Q2 24 | 17.8% | 46.0% | ||
| Q1 24 | 22.2% | 43.7% |
营业利润率BGSAM
| Q4 25 | 1.8% | -8.6% | ||
| Q3 25 | 6.2% | 11.5% | ||
| Q2 25 | 12.3% | 14.0% | ||
| Q1 25 | 7.8% | 7.4% | ||
| Q4 24 | 18.3% | -13.9% | ||
| Q3 24 | 8.3% | 7.6% | ||
| Q2 24 | 2.8% | 12.2% | ||
| Q1 24 | 9.4% | 3.6% |
净利率BGSAM
| Q4 25 | 1.9% | -5.8% | ||
| Q3 25 | 3.8% | 8.6% | ||
| Q2 25 | 8.8% | 10.3% | ||
| Q1 25 | 5.5% | 5.4% | ||
| Q4 24 | 15.0% | -9.6% | ||
| Q3 24 | 5.7% | 5.5% | ||
| Q2 24 | 1.9% | 9.0% | ||
| Q1 24 | 6.2% | 3.0% |
每股收益（稀释后）BGSAM
| Q4 25 | $-0.02 | $-1.97 | ||
| Q3 25 | $0.84 | $4.25 | ||
| Q2 25 | $2.61 | $5.45 | ||
| Q1 25 | $1.48 | $2.16 | ||
| Q4 24 | $4.27 | $-3.23 | ||
| Q3 24 | $1.56 | $2.86 | ||
| Q2 24 | $0.48 | $4.39 | ||
| Q1 24 | $1.68 | $1.04 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $2.0B | $223.4M |
| 总债务越低越好 | $10.2B | — |
| 股东权益账面价值 | $15.9B | $846.3M |
| 总资产 | $44.5B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.64× | — |
8季度趋势，按日历期对齐
现金及短期投资BGSAM
| Q4 25 | $2.0B | $223.4M | ||
| Q3 25 | $3.2B | $250.5M | ||
| Q2 25 | $7.1B | $212.4M | ||
| Q1 25 | $3.9B | $152.5M | ||
| Q4 24 | $3.8B | $211.8M | ||
| Q3 24 | $3.0B | $255.6M | ||
| Q2 24 | $1.3B | $219.3M | ||
| Q1 24 | $3.1B | $205.4M |
总债务BGSAM
| Q4 25 | $10.2B | — | ||
| Q3 25 | $11.1B | — | ||
| Q2 25 | $7.7B | — | ||
| Q1 25 | $5.4B | — | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $5.4B | — | ||
| Q2 24 | $4.1B | — | ||
| Q1 24 | $4.1B | — |
股东权益BGSAM
| Q4 25 | $15.9B | $846.3M | ||
| Q3 25 | $15.8B | $911.0M | ||
| Q2 25 | $10.9B | $912.3M | ||
| Q1 25 | $10.6B | $897.0M | ||
| Q4 24 | $9.9B | $916.2M | ||
| Q3 24 | $10.1B | $1.0B | ||
| Q2 24 | $10.0B | $1.0B | ||
| Q1 24 | $10.6B | $1.0B |
总资产BGSAM
| Q4 25 | $44.5B | $1.2B | ||
| Q3 25 | $46.3B | $1.2B | ||
| Q2 25 | $31.2B | $1.3B | ||
| Q1 25 | $26.7B | $1.2B | ||
| Q4 24 | $24.9B | $1.3B | ||
| Q3 24 | $25.3B | $1.4B | ||
| Q2 24 | $24.4B | $1.4B | ||
| Q1 24 | $25.8B | $1.4B |
负债/权益比BGSAM
| Q4 25 | 0.64× | — | ||
| Q3 25 | 0.71× | — | ||
| Q2 25 | 0.71× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | 0.54× | — | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 0.41× | — | ||
| Q1 24 | 0.39× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $1.3B | $39.9M |
| 自由现金流经营现金流 - 资本支出 | $809.0M | $22.1M |
| 自由现金流率自由现金流/营收 | 16.6% | 5.7% |
| 资本支出强度资本支出/营收 | 11.0% | 4.6% |
| 现金转化率经营现金流/净利润 | 14.18× | — |
| 过去12个月自由现金流最近4个季度 | $-879.0M | $215.6M |
8季度趋势，按日历期对齐
经营现金流BGSAM
| Q4 25 | $1.3B | $39.9M | ||
| Q3 25 | $854.0M | $101.8M | ||
| Q2 25 | $-1.1B | $126.5M | ||
| Q1 25 | $-285.0M | $1.9M | ||
| Q4 24 | $1.1B | $41.9M | ||
| Q3 24 | $1.3B | $115.9M | ||
| Q2 24 | $-1.5B | $96.0M | ||
| Q1 24 | $994.0M | $-4.9M |
自由现金流BGSAM
| Q4 25 | $809.0M | $22.1M | ||
| Q3 25 | $385.0M | $89.2M | ||
| Q2 25 | $-1.5B | $112.2M | ||
| Q1 25 | $-595.0M | $-8.0M | ||
| Q4 24 | $564.0M | $18.4M | ||
| Q3 24 | $973.0M | $99.2M | ||
| Q2 24 | $-1.8B | $75.6M | ||
| Q1 24 | $758.0M | $-20.6M |
自由现金流率BGSAM
| Q4 25 | 16.6% | 5.7% | ||
| Q3 25 | 8.8% | 16.6% | ||
| Q2 25 | -36.8% | 19.1% | ||
| Q1 25 | -16.2% | -1.8% | ||
| Q4 24 | 14.1% | 4.6% | ||
| Q3 24 | 25.1% | 16.4% | ||
| Q2 24 | -47.4% | 13.1% | ||
| Q1 24 | 19.2% | -4.8% |
资本支出强度BGSAM
| Q4 25 | 11.0% | 4.6% | ||
| Q3 25 | 10.7% | 2.3% | ||
| Q2 25 | 10.1% | 2.4% | ||
| Q1 25 | 8.5% | 2.2% | ||
| Q4 24 | 12.2% | 5.8% | ||
| Q3 24 | 9.1% | 2.8% | ||
| Q2 24 | 8.0% | 3.5% | ||
| Q1 24 | 6.0% | 3.7% |
现金转化率BGSAM
| Q4 25 | 14.18× | — | ||
| Q3 25 | 5.14× | 2.21× | ||
| Q2 25 | -3.03× | 2.09× | ||
| Q1 25 | -1.42× | 0.08× | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | 6.00× | 3.46× | ||
| Q2 24 | -21.06× | 1.83× | ||
| Q1 24 | 4.07× | -0.39× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
BG
| Other Oilseeds Processing And Refining | $4.6B | 95% |
| Other | $251.0M | 5% |
| Other Products | $3.0M | 0% |
SAM
暂无分部数据
